Naetion Valuation, Funding & Investors
Naetion is valued at $10M as of October 2021.
Last Naetion valuation
$10M
Pre-seed · Oct 2021
Last Naetion funding round
$300K
Seed · Jul 2022
Cumulative funding Naetion raised
$151M
across 3 funding rounds
Key investors in Naetion
Newchip Accelerator
GEM Digital
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Alexander Rindom-Andersen
About Naetion
Naetion is a Copenhagen-based work-technology company founded in 2021. Its platform connects companies with verified professionals and gives independent workers tools to present their services and manage a solo business. The product set has included talent discovery, bookings, invoicing, payment collection and a professional community operating across more than 20 countries. Naetion also developed Paeyroll, an employer-facing product intended to connect payroll with workforce participation, and Monaey, a digital-finance concept for workers. Quest, its service-provider product, incorporated the Squire marketplace application after the 2022 acquisition. The company serves employers, freelancers, creators and individual users through marketplace and software products. Its operating model combines platform services, software subscriptions and transaction-related activity across work and payment workflows.
Founded
2021
HQ
CopenhagenWebsite
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Marketplaces, Subscription, Services
Valuation
$10M (Oct 2021)
Naetion Valuation
Naetion is currently valued at $10M, based on its pre-seed round in October 2021.
The $400K round included Alexander Rindom-Andersen.
Naetion valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2021 | Pre-seed | $10M |
Naetion Funding History
Naetion has raised a total of $151M across 3 funding rounds.
Naetion's first fundraising round was a $400K pre-seed round in October 2021. The most recent completed round was a $300K seed round in July 2022.
Naetion funding rounds
| Date | Stage | Investors | Raised | Valuation |
|---|---|---|---|---|
| Jul 2022 | Seed | Newchip Accelerator | $300K | - |
| May 2022 | Undisclosed stage | GEM Digital (lead) | $150M | - |
| Oct 2021 | Pre-seed | Alexander Rindom-Andersen | $400K | $10M |
Who has invested in Naetion?
3 investors have backed Naetion across its funding rounds, including Newchip Accelerator, GEM Digital and Alexander Rindom-Andersen.
Lead investors include GEM Digital.
Naetion Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Austin, TX | 1 | Participant | Jul 2022 | |
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Start Free TrialAcquisitions by Naetion
Naetion has acquired 1 company to date.
Last acquisition by Naetion was on September 1st 2022. Naetion acquired Squire for undisclosed valuation.
Latest Acquisitions by Naetion
| Squire | |
| Description | Squire is a Copenhagen-based digital services marketplace founded in 2020 to connect customers with freelance providers. Its consumer application let users browse multiple service categories, identify suitable workers, book tasks and communicate directly through the platform. Freelancers could list chosen services, set their own rates and decide when and where they wanted to work. The marketplace therefore combined discovery, scheduling and transaction support for local or remote service engagements. Squire described itself as a privately held business with a team of two to ten people before its acquisition by Naetion. The founders said more than two years of building and scaling the service concluded with the transaction. After the acquisition, the Squire application appeared within Naetion's Quest product pages, and the Danish operating company was subsequently renamed Quest App. |
| HQ Country | |
| HQ City | Copenhagen |
| Deal Date | 1 Sep 2022 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Naetion acquisitions and their M&A valuation multiples. Start Free Trial | |
Naetion Competitors
Naetion competitors include listed companies like Comperia, 3R Games, Aucfan and Gumtree Australia, and private ones like Pensionera.se and SkillSoniq.
| Company | HQ | Status | Revenue | EBITDA | Valuation |
|---|---|---|---|---|---|
 Stockholm | Private | - | - | $11M | |
 Poland | Publicly listed | $18M | $859K | $10M | |
| Poland | Publicly listed | $2M | $812K | $14M | |
 Japan | Publicly listed | $29M | $590K | $20M | |
 Australia | Publicly listed | $48M | $6M | $20M | |
| New York City, NY | Private | - | - | $10M |
Naetion Public Comps
Naetion is still privately-owned, but its public comps include Cookbiz, Dillistone Group, Surgepays, DSM Fresh Foods, AirCloset, Coel, Comperia, Felix.net, PSQ Holdings and Rebase.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $18M | ($1M) | 0.8x | 0.8x | (12.7x) | - | |||
| $6M | $1M | 2.0x | 2.2x | 9.3x | - | |||
| $57M | ($33M) | 0.5x | 0.4x | (0.8x) | (2.3x) | |||
| $23M | $3M | 0.6x | - | 4.5x | - | |||
| $33M | $3M | 0.5x | 0.5x | 4.9x | - | |||
| $15M | $2M | 0.3x | - | 2.9x | - | |||
| $18M | $859K | 0.5x | - | 10.9x | - | |||
| $8M | ($3M) | 1.0x | 1.0x | (2.9x) | (3.3x) | |||
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Common questions about Naetion
| When was Naetion founded? | Naetion was founded in 2021. |
| Where is Naetion headquartered? | Naetion is headquartered in Copenhagen, Denmark. |
| Is Naetion publicly listed? | No, Naetion is a private, VC-backed company. |
| What is Naetion's valuation? | Naetion was last valued at $10M in its pre-seed round in October 2021. |
| How much funding has Naetion raised? | Naetion has raised $151M across 3 funding rounds. |
| What was Naetion's last funding round? | Naetion's last funding round was a $300K seed round in July 2022. |
| Who are Naetion's investors? | Naetion's investors include Newchip Accelerator, Alexander Rindom-Andersen and GEM Digital. |
| Which companies are comparable to Naetion? | Companies comparable to Naetion include Pensionera.se, Comperia, 3R Games, Aucfan, Gumtree Australia and SkillSoniq. |
| How many companies has Naetion acquired? | Naetion has acquired 1 company, including Squire. |
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